A $25-$ year project has a cost of $$1,500,000$ and has annual cash flows of $$400,000$ in years $1-15,$ and $$200,000$ in years $16-25.$ The company's required rate is $14\%.$ Given this

information, calculate the NPV of the project.

Multiple Choice

$$0\mathrm{.}50$ million

$$0\mathrm{.}87$ million

$$0\mathrm{.}70$ million

$$1\mathrm{.}00$ million

$$1\mathrm{.}10$ million